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Momentum SMA [Prometheus]

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This is a price momentum indicator that calculates the change in price momentum over time with a simple moving average to use as a potential profit taking mechanism.

The lookback period is for calculating the momentum plot on the chart. It measures the closing price between the current candle and the candle X periods ago. (orange line)

The indicator also has a simple moving average of the momentum plotted on the chart. (red/green line with background fill)

This script improves upon its predecessor with an additional higher timeframe momentum indicator and the ability to make both plots represent a fixed timeframe so that you can switch between chart timeframes and continue to see the same momentum profile.

Future versions will include alertconditions.
Phát hành các Ghi chú
This updated version has a few trade signals that can be turned on and off, based on crossovers and relative momentum between the higher and lower timeframes. Also fixed a bug related to the checkbox for ST MTF momentum; if it isn't enabled, momentum will be calculated on the timeframe currently selected on the chart. If it is enabled, then the timeframe input for the short term momentum in the settings will be used instead.

Thông báo miễn trừ trách nhiệm

Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.